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Geneva commune is the most expensive in the country for luxury real estate

National News // By Tay Kinnear // May 24, 2019

Cologny, a commune on the shores of Lake Geneva, is the most expensive area in Switzerland when it comes to luxury real estate, according to a study by UBS. 

Pixabay Geneva commune is the most expensive in the country for luxury real estate

The study found that high-end real estate prices reached 35,000 CHF per square metre in the commune. In some cases, property there is worth more than 50,000 CHF per square metre. Close behind Cologny, in terms of property price per square metre, come the Alpine resorts of Gstaad and St Moritz.

By comparison, the national average price per square metre of a ‘normal’ villa is currently about 6,333 CHF, according to the real estate index compiled by Immoscout24.

Luxury real estate is characterized by above-average size of a property, with approximately 440 m2 of living space and 2,000 m2 of land. A quarter of luxury properties also have a swimming pool. The average selling price is around six million CHF.

 

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